New Version Of Ford Mustang Ends Up Cheaper For People Buying First Time
Would you ever have thought that taking out car insurance for the Ford Mustang, if you are in the younger generation, would be cheaper than if you took insurance out for the Honda Civic.
There are many things that go towards determining how much you have to pay out for car insurance. These often include such things as your age and the experience that you have along with the amount of vehicles you own. If you are under the age of 25 typically you would expect to pay a higher premium for your first vehicle.
If you had purchased the Honda Civic or Fit you would have to pay around $600 for 6 months of coverage. However if you bought the Ford Mustang, Mustang EcoBoost or the Mustang GT you would payout under $500.
This means that the Ford Mustang, which is more powerful car than the Honda Civic or Fit, costs less to insure less than the other two vehicles.
The reason that the Ford Mustang is cheaper to insure in the under 25 age bracket is that there is a data pool showing which cars and age groups are more likely to crash and they have higher fees. So it looks like the model of the vehicle and your age go a long way to determining how much you pay for car insurance.